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DISCOVER BANK Non CallableB 0.355/12/150.350.35100.00
BANK OF CHINA Non Callable OH, TXRating Not Available 0.355/12/150.350.35100.00
BEAL BANK USA Non Callable OH, TXRating Not Available 0.355/13/150.350.35100.00
FIRST NIAGARA BANK Non CallableB- 0.305/14/150.300.30100.00
GOLDMAN SACHS BANK USA Non CallableRating Not Available 0.4011/12/150.400.40100.00
DISCOVER BANK Non CallableB 0.4511/12/150.450.45100.00
BEAL BANK USA Non Callable OH, TXRating Not Available 0.4011/12/150.400.40100.00
Firstmerit Bank National Association Non Callable IL, MI, OH, PA, WIRating Not Available 0.4511/13/150.450.45100.00
Ally Bank Non CallableB- 0.655/6/160.650.65100.00
CAPITAL ONE BANK USA, NATIONAL ASSOCIATION Non Callable CT, DC, LA, MD, NJ, NY, VARating Not Available 0.655/12/160.650.65100.00
FIRST NATIONAL BANK - Waupaca, WI Non CallableRating Not Available 0.505/13/160.500.50100.00
PLUS INTERNATIONAL BANK - Miami, FL Non CallableRating Not Available 0.7011/7/160.700.70100.00
GE Capital Bank Non Callable TX, OHB+ 1.0011/7/161.001.00100.00
Ally Bank Non CallableRating Not Available 1.0011/7/161.001.00100.00
GE CAPITAL BANK (FKA GE CAPITAL FINANCIAL INC.) Non Callable OH, TXRating Not Available 1.155/8/171.151.15100.00
Last Updated: 11/4/2014 at 1:05 PM Eastern

FPF: First Trust Intermediate Duration Preferred & Income Fund

by Monte Traficante | May 10, 2013

The offering will be priced at $25 and will have a targeted annual dividend yield of 7%, paid on a monthly basis. The last day to purchase this offering before it starts trading on the NYSE is Tuesday, May 28th.  After that date it will trade on the NYSE under the symbol FPF and will fluctuate up or down from the initial offering price.

 FPF:  First Trust Intermediate Duration Preferred & Income Fund

·        70-75% of the initial allocation will be in the Institutional $1,000 Preferred securities market- (not readily available to the normal retail investor)

·        The portfolio will have ZERO negative yield to call

·        7% targeted Annual Dividend Yield

·        Monthly Income payments to start 60-90 days after the initial offering date

·        $25 Initial price with No commission charge to you

·        Tuesday, May 28th is the last day to purchase before it starts trading on the NYSE under FPF and will then start fluctuating down or up from the $25 starting price

·        Initial target to use leverage will be around 30% of the portfolio

·        Is not FDIC insured and not guaranteed by any government entity

Click here to read the brochure and Preliminary Prospectus carefully. If you’d like to ask questions about this offering or anything else you may have questions on, contact us via email or call 800-225-6196.